FSLNSEFirstsource Solutions Limited· Commercial Services & SuppliesHighNeutral
Announced Tue, 4 Nov, 2025 · 16:18 IST

Firstsource Solutions Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.

Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionExceptional ItemResults View source PDFExplain this filing

FSL · price

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Price reactionminutes from the announcement price · days from the prior close
-0.8%Reaction day
₹353.00
prior close
₹355.00
announcement price
After-mkt
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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-1.5%+0.7% vs market
Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, median of 9sector-1.2%+0.3% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Smallcap 250 and 0.3 pts more than its Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
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UpDownMarket · Nifty Smallcap 250Sector · Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, median of 9Pending

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AI summary

Firstsource Solutions reported its Q2 FY26 audited results with consolidated revenue from operations of ₹23,147 million, up 19.8% from ₹19,326 million in Q2 FY25. Net profit after tax stood at ₹1,795 million, a strong 29.9% jump from ₹1,382 million a year ago, with basic EPS of ₹2.60 vs ₹2.01. For the half year, revenue grew 22% YoY to ₹45,356 million and PAT rose 27.6% to ₹3,488 million. All four segments — Banking & Financial Services, Healthcare, Communication Media & Technology, and Diverse Industries — posted growth, with Healthcare and BFSI being the largest contributors. The board also approved a strategic minority investment in Applied AI (an AI company), appointed Ms. Jagriti Bhattacharya as EVP & General Counsel, and announced a scheme of merger to amalgamate two wholly owned subsidiaries (FPMSL and Accunai) into the parent. Auditor Deloitte Haskins & Sells LLP issued an unmodified (clean) opinion on the results.

Likely market impact

Strong broad-based revenue and profit growth, with margins expanding, should be viewed positively by shareholders. The results reinforce the company's growth trajectory, while the AI investment and internal restructuring signal strategic focus on technology-led growth and operational simplification.